BLUE CUBE CHEMICALS (UK) LIMITED

1. BLUE CUBE CHEMICALS (UK) LIMITED 2014-06-12 → present
2. PALM CHEMICALS (UK) LIMITED 2013-06-21 → 2014-06-12

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis. The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the company or to cease its operations, and as they have concluded that the company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements.”

Significant events

• “The 2024 financial year was materially affected by the ongoing conflict between Russia and Ukraine, alongside increased imports from Asia. Although natural gas and energy prices declined, other raw material costs remained elevated.”
• “Demand for GCO and epoxy resin products weakened as a result of high costs and intensified import competition which led to reduced sales and demand.”
• “The business performance during FY2024 was impacted by the consequences of the uncertainty in Europe.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9.4%

  £11,161,000 → £10,114,000

• Cash

  +4.6%

  £131,000 → £137,000

• Net assets

  -15.3%

  £301,000 → £255,000

• Employees

  —

  Not reported

• Operating profit

  +18.3%

  £71,000 → £84,000

• Profit before tax

  -82.6%

  £293,000 → £51,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers